OKLAHOMA CITY (KFOR) — The U.S. Government Accountability Office (GAO) says that while Oklahoma has obligated over 50% of its COVID recovery funds, the state government has only spent less than 1% of it.
The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program allocated $350 billion to tribal governments, states, the District of Columbia, local governments, and U.S. territories to help cover a broad range of costs stemming from the health and economic effects of the COVID-19 pandemic.
GAO examined the SLFRF funding reports as of March 31, 2023 – the most recent data available at the time of its analysis – to determine how the money has been spent.
The Treasury requires SLFRF recipients to submit “project and expenditure” reports that provide information on their uses of the funding – including obligation and spending amounts – along with projects undertaken, among other things.
According to GAO’s analysis, the state of Oklahoma has obligated over 50% of its SLFRF funds.
However, GAO also reports that the state has only spent less than 1% of that funding – the lowest in the nation.
According to the Treasury, SLFRF funding must be obligated by December 31, 2024, and jurisdictions have until December 31, 2026, to fully expend their funds.